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China Market Commentary: June 2022
Here are this month’s highlights: In May, global equity markets continued their declines from April before, recovering most of the losses in the second half of the month. According to eMarketer, China accounts for 52% of all ecommerce transactions worldwide, with total online sales of over $2 trillion (about three times the US market) in 2021. Live streaming e-commerce market value grew a hundredfold between 2017 and 2021 to reach an estimated $315billion in 2021, representing roughly 16% of the online retail market in China.
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